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Business Segment and Geographical Information | 12 Months Ended
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Jan. 01, 2022
Segment Reporting [Abstract] |
Business Segment and Geographical Information | Business Segment and Geographical Information The Company has combined its operating entities into three reportable operating segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment consists of the fluid-handling and doctoring, cleaning, & filtration product lines; the Industrial Processing segment consists of the wood processing and stock-preparation product lines; and the Material Handling segment consists of the conveying and vibratory, baling, and fiber-based product lines. A description of each segment follows. •Flow Control – Custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications to keep critical processes running efficiently in the packaging, tissue, food, metals, and other industrial sectors. The Company's primary products include rotary sealing devices, steam systems, expansion joints, doctor systems, roll and fabric cleaning devices, and filtration and fiber recovery systems. •Industrial Processing – Equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries, among others. The Company's primary products include stock-preparation systems and recycling equipment, chemical pulping equipment, debarkers, stranders, chippers, and logging machinery. In addition, the Company provides industrial automation and digitization solutions to process industries. •Material Handling – Products and engineered systems used to handle bulk and discrete materials for secondary processing or transport in the aggregates, mining, food, and waste management industries, among others. The Company's primary products include conveying and vibratory equipment and balers. In addition, the Company manufactures and sells biodegradable, absorbent granules used as carriers in agricultural applications and for oil and grease absorption. The following table presents financial information for the Company's reportable operating segments:
(In thousands) |  | January 1, 2022 |  | January 2, 2021 |  | December 28, 2019
Revenue |  |  |  |  |  |
Flow Control (a) |  | $ | 288,788 |  |  | $ | 225,444 |  |  | $ | 250,339 |
Industrial Processing |  | 328,762 |  |  | 261,577 |  |  | 301,948 |
Material Handling (b) |  | 169,029 |  |  | 148,007 |  |  | 152,357 |
|  | $ | 786,579 |  |  | $ | 635,028 |  |  | $ | 704,644 |
Income Before Provision for Income Taxes |  |  |  |  |  |
Flow Control (a,c) |  | $ | 65,509 |  |  | $ | 51,530 |  |  | $ | 55,343 |
Industrial Processing (d) |  | 66,569 |  |  | 42,971 |  |  | 49,599 |
Material Handling (b,e) |  | 17,543 |  |  | 14,375 |  |  | 11,600 |
Corporate (f) |  | (32,911) |  |  | (27,752) |  |  | (28,719) |
Total operating income |  | 116,710 |  |  | 81,124 |  |  | 87,823 |
Interest expense, net (g) |  | (4,554) |  |  | (7,242) |  |  | (12,542) |
Other expense, net (g,h) |  | (104) |  |  | (195) |  |  | (6,359) |
|  | $ | 112,052 |  |  | $ | 73,687 |  |  | $ | 68,922 |
Total Assets |  |  |  |  |  |
Flow Control (a) |  | $ | 382,379 |  |  | $ | 263,141 |  |  | $ | 262,320 |
Industrial Processing |  | 405,575 |  |  | 379,965 |  |  | 375,194 |
Material Handling (b) |  | 334,785 |  |  | 273,909 |  |  | 281,057 |
Corporate (i) |  | 9,473 |  |  | 10,556 |  |  | 20,816 |
|  | $ | 1,132,212 |  |  | $ | 927,571 |  |  | $ | 939,387 |
(In thousands) |  | January 1, 2022 |  | January 2, 2021 |  | December 28, 2019
Depreciation and Amortization |  |  |  |  |  |
Flow Control (a) |  | $ | 8,366 |  |  | $ | 6,333 |  |  | $ | 6,603 |
Industrial Processing |  | 13,467 |  |  | 13,163 |  |  | 13,012 |
Material Handling (b) |  | 12,341 |  |  | 11,628 |  |  | 12,528 |
Corporate |  | 128 |  |  | 210 |  |  | 247 |
|  | $ | 34,302 |  |  | $ | 31,334 |  |  | $ | 32,390 |
Capital Expenditures |  |  |  |  |  |
Flow Control (a) |  | $ | 4,128 |  |  | $ | 2,808 |  |  | $ | 2,639 |
Industrial Processing |  | 6,412 |  |  | 3,123 |  |  | 5,113 |
Material Handling (b) |  | 2,211 |  |  | 1,539 |  |  | 2,144 |
Corporate |  | 20 |  |  | 125 |  |  | 61 |
|  | $ | 12,771 |  |  | $ | 7,595 |  |  | $ | 9,957 |
Geographical Information |  |  |  |  |  |
Revenue (j): |  |  |  |  |  |
United States (b) |  | $ | 328,456 |  |  | $ | 286,015 |  |  | $ | 309,957 |
China |  | 82,121 |  |  | 51,003 |  |  | 66,480 |
Canada |  | 79,426 |  |  | 62,059 |  |  | 64,010 |
Germany (a) |  | 37,178 |  |  | 23,292 |  |  | 29,076 |
France |  | 28,258 |  |  | 19,725 |  |  | 21,054 |
Other |  | 231,140 |  |  | 192,934 |  |  | 214,067 |
|  | $ | 786,579 |  |  | $ | 635,028 |  |  | $ | 704,644 |
Long-lived Assets (k): |  |  |  |  |  |
United States (b) |  | $ | 43,418 |  |  | $ | 40,293 |  |  | $ | 42,094 |
Germany (a) |  | 25,188 |  |  | 6,051 |  |  | 5,925 |
Canada |  | 8,460 |  |  | 7,221 |  |  | 7,948 |
Finland |  | 7,347 |  |  | 8,013 |  |  | 6,960 |
China |  | 6,613 |  |  | 9,844 |  |  | 10,319 |
Other |  | 16,963 |  |  | 13,220 |  |  | 12,786 |
|  | $ | 107,989 |  |  | $ | 84,642 |  |  | $ | 86,032 |
(a)Includes the Clouth business in 2021, which was acquired between July 19, 2021 and August 10, 2021 (see Note 2, Acquisitions). (b)Includes the Balemaster business in 2021, which was acquired on August 23, 2021 (see Note 2, Acquisitions). (c)Includes acquisition-related expenses of $6,191,000 and impairment and restructuring charges of $980,000 in 2021. Acquisition-related expenses include amortization expense associated with acquired profit in inventory and backlog, and acquisition costs. (d)Includes $1,861,000 of impairment charges in 2020 and $2,336,000 in 2019. (e)Includes acquisition-related expenses of $2,851,000 in 2021, $350,000 in 2020 and $5,715,000 in 2019. Acquisition-related expenses include amortization expense associated with acquired profit in inventory and backlog, and acquisition costs. (f)Represents general and administrative expenses. (g)The Company does not allocate interest and other expense, net to its segments. (h)Includes a pension plan settlement loss of $5,887,000 in 2019. (i)Primarily includes cash and cash equivalents, tax assets, ROU assets, and property, plant, and equipment, net. (j)Revenue is attributed to countries based on customer location. (k)Represents property, plant, and equipment, net.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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